Freetech Road Recycling Technology (Holdings) (HKSE:06888) Total Assets : HK$1,236.2 Mil (As of Dec. 2023)

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What is Freetech Road Recycling Technology (Holdings) Total Assets?

Freetech Road Recycling Technology (Holdings)'s Total Assets for the quarter that ended in Dec. 2023 was HK$1,236.2 Mil.

During the past 12 months, Freetech Road Recycling Technology (Holdings)'s average Total Assets Growth Rate was -1.10% per year. During the past 3 years, the average Total Assets Growth Rate was -2.90% per year. During the past 5 years, the average Total Assets Growth Rate was -1.00% per year. During the past 10 years, the average Total Assets Growth Rate was -0.70% per year.

During the past 12 years, Freetech Road Recycling Technology (Holdings)'s highest 3-Year average Total Assets Growth Rate was 39.20%. The lowest was -9.80%. And the median was -0.10%.

Total Assets is connected with ROA %. Freetech Road Recycling Technology (Holdings)'s annualized ROA % for the quarter that ended in Dec. 2023 was 1.60%. Total Assets is also linked to Revenue through Asset Turnover. Freetech Road Recycling Technology (Holdings)'s Asset Turnover for the quarter that ended in Dec. 2023 was 0.32.

Freetech Road Recycling Technology (Holdings) Total Assets Historical Data

The historical data trend for Freetech Road Recycling Technology (Holdings)'s Total Assets can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Freetech Road Recycling Technology (Holdings) Total Assets Chart

Freetech Road Recycling Technology (Holdings) Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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1,225.81

1,334.36

1,340.27

1,274.47

1,236.25

Freetech Road Recycling Technology (Holdings) Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Assets	Get a 7-Day Free Trial															1,340.27	1,313.06	1,274.47	1,114.68	1,236.25

Freetech Road Recycling Technology (Holdings) Total Assets Calculation

Total Assets are all the assets a company owns.

From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.

Freetech Road Recycling Technology (Holdings)'s Total Assets for the fiscal year that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (A: Dec. 2023 )	+	Total Liabilities (A: Dec. 2023 )
	=	763.315	+	472.93
	=	1,236.2

Freetech Road Recycling Technology (Holdings)'s Total Assets for the quarter that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (Q: Dec. 2023 )	+	Total Liabilities (Q: Dec. 2023 )
	=	763.315	+	472.93
	=	1,236.2

Freetech Road Recycling Technology (Holdings) (HKSE:06888) Total Assets Explanation

Total Assets is connected with ROA %.

Freetech Road Recycling Technology (Holdings)'s annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %	=	Net Income (Q: Dec. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	18.8	/	( (1114.683	+	1236.245)	/ 2 )
	=	18.8	/	1175.464
	=	1.60 %

Note: The Net Income data used here is two times the semi-annual (Dec. 2023) data.

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Total Assets is linked to total revenue through Asset Turnover.

Freetech Road Recycling Technology (Holdings)'s Asset Turnover for the quarter that ended in Dec. 2023 is

	Asset Turnover
=	Revenue (Q: Dec. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
=	379.06	/	( (1114.683	+	1236.245)	/ 2 )
=	379.06	/	1175.464
=	0.32

Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.

Freetech Road Recycling Technology (Holdings) Total Assets Related Terms

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Freetech Road Recycling Technology (Holdings) (HKSE:06888) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Freetech Road Recycling Technology (Holdings) Ltd (HKSE:06888) » Definitions » Total Assets

Traded in Other Exchanges

N/A

Address

178 Gloucester Road, 29th Floor, Chinachem Century Tower, Wanchai, Hong Kong, HKG

Website

https://www.freetech-holdings.hk

Freetech Road Recycling Technology (Holdings) Ltd is an investment holding company engaged in the manufacturing and sale of road maintenance equipment and provision of road maintenance services in the People's Republic of China (the PRC). The operating segments of the group are APM service segment, where it provides APM services under the registered trademark (Road Doctor) to repair damaged asphalt pavement surfaces, and the APM equipment segment, where it manufactures and sells a wide range of APM equipment. It derives the majority of its revenue from APM Services. It has a business presence in Mainland China and other overseas markets.

Executives

Bank Of Communications Trustee Limited	2301 Trustee
Sze Wai Pan	2101 Beneficial owner
Freetech Technology Limited	2201 Interest of corporation controlled by you

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